One benefit from benchmarking sourcing practices is:
A)Savings in energy consumption and materials,lower distribution costs,and improved corporate image among regulators,customers and community.
B)Lower prices of goods and services,use of fewer buyers and lower administrative costs.
C)Larger market for products,economies of scale in purchasing and production,and lower labor costs.
D)Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies.

Question

Quizplus · Accepted Answer

Benchmarking sourcing practices allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies. This can lead to more efficient and effective sourcing practices that save time and resources.

One Benefit from Benchmarking Sourcing Practices Is